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The Indian tobacco giants like ITC Ltd., VST Industries Ltd. and Godfrey Phillips India Ltd. also saw a fall in the share prices. Quoting Sanjay Manyal, equity research analyst at ICICI Securities Ltd., the reports said that if implemented the new regul

Sales of ITC Ltd’s 64 mm cigarette is likely to go up as people are projected to downgrade purchase of the 69 mm category post the recent 6-7 per cent price hike after GST roll-out. Although analysts project the company is likely to suffer a decline in i

U.S. regulator’s policy would be a deterrent for new smokers, said Sanjay Manyal, equity research analyst... However, a policy like this to get implemented may take time and its impact on the Indian tobacco industry can be assessed only after regulation d

A week after the GST Council raised the cess on cigarettes over the peak rate of 28 per cent, ITC increased cigarette prices by 4 to 8 per cent on as many as 25 different pack sizes and variants. Smokers will now have to shell out more for brands like Cla

The stock closed 12.63% down to Rs 284.60 on BSE and ITC lost nearly Rs 50,000 crore in market capitalisation. The share prices of other cigarette manufacturers such as Godfrey Phillips India, which counts Philip Morris International as an investor, fell

The stock of ITC, India's biggest cigarette maker, plunged the most in the past quarter of a century after the government corrected an anomaly in the GST and increased the surcharge on tobacco. The 13 per cent decline on Tuesday eroded the gains of the p

The Goods and Services Tax Council’s decision to increase the cess on cigarettes triggered a sharp selloff in shares of tobacco companies with the ITC scrip falling by nearly 13 per cent on Tuesday and investors losing nearly Rs 48,000 crore in a single

The press statement sends a different message. It says that a “lower tax incidence” may be welcome for other goods but is unacceptable in goods such as cigarettes. This is very strange. If companies did not pass lower taxes the anti-profiteering rules s